SEC Litigation definition

SEC Litigation means the litigation matter entitled Securities and Exchange Commission vs. the Children’s Internet, Inc., ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇, and Two Dog Net, Inc., in the United States District Court, Northern District of California (Case No. 4:06-cv-06003-CW), or any other action or claim substantially similar to the actions and claims described therein in which the Company is named as a defendant.
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SEC Litigation means the litigation pending in the District Court styled Securities and Exchange Commission v. IBF Collateralized Finance Corporation et al., Case No. 02-CV-5713-JSM (S.D.N.Y.).
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Examples of SEC Litigation in a sentence

  • Purchaser shall, as full payment for the Shadrack Shares, deliver the Shadrack Shares Purchase Price to the Securities and Exchange Commission as provided in the consent and final judgment or other documentation entered into or to be entered into in connection with the settlement of the SEC Litigation .

  • The Shares will be made available only to stockholders of Transferor who receive cash payments from the Securities and Exchange Commission (the “SEC”) from an escrow fund of $900,000 set aside for such stockholders under a final judgment entered into in connection with the SEC Litigation (as defined in the Purchase Agreement) and only to the extent of such payments.

  • The Company shall have received from ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and any other person who may be entitled to indemnification from the Company with respect to the SEC Litigation (as defined above), an agreement waiving any right to receive any such indemnification after the Closing, including costs of defense, to the fullest extent permitted under applicable law, which agreement shall provide, among other things, that any amounts to be paid by or on behalf of ▇▇.

  • In the SEC Litigation, the SEC is alleging in general that SLC and CFC were operated as unregistered investment companies in violation of the Investment Company Act of 1940, 15 U.S.C. Sections 80a-1 et seq., as amended (the "Investment Company Act"), and that certain disclosures to investors were misleading.

  • The SEC Litigation is currently pending before the District Court.

Related to SEC Litigation

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Material litigation means any litigation that, according to

  • Disclosed Litigation has the meaning specified in Section 3.01(b).